Fatou, age 42, is the group member seen in the photo standing on the right and raising her hand. She is married with children, and she practices cattle fattening. She will use this loan to buy an ox and to cover the necessary costs for proper fattening.
Her profits will allow her to support her children’s day-to-day needs.
Avec le prêt elle compte acheter un bœuf et prendre en charge les dépenses nécessaires pour un bon engraissement.
Les bénéfices lui permettent de soutenir ses enfants dans leurs besoins quotidiens.
More information about this loan
This loan is going to a borrower or borrower group living in a rural area.
About CAURIE Micro FinanceThe mission of CAURIE Micro Finance is to contribute sustainably and to offer microfinance services adapted to impoverished micro-entrepreneurs, primarily women, based on the principles of ‘credit for the poor’ and on microfinance best practices, all while investing in order to become financially independent.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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